• Strategy | DSCW is back to where it was almost 3 months ago and it is an unjustified pullback
• ORAS | Merge with OCI could set stage for Sawiris asset rotation
• DSCW, ORWE | Rebate rollout begins, earnings support visible in 2H25

• Strategy | EGAL will likely find a solid valuation benchmark post Emirates Global Aluminum IPO. 
• JUFO | Ex-Egypt strategy to double revenues; Accumulate
• ABUK, MFPC, EGCH, EKHO | Government adjusts quotas and gas prices in a mixed policy shift
• LCSW | Natural gas tariff hike looms, impact largely anticipated

• Strategy | Fed rate outlook raises odds of 2-3% cumulative rate cuts in Egypt until end 2025
• EKHO | Sprea Misr factory visit highlights integration and scale 
• DSCW | Site visit highlights Helwan progress and 3Q tailwinds

In today's views

• Strategy | Aluminum prices are surging on a global supply squeeze and EGAL remains an obvious winner
• MFPC | Management reaffirms operational stability and dividend-focused policy
• VALU | VALU signals opportunity amid market volatility

• Strategy | OLFI will likely enjoy another tailwind in addition to a long list of tailwinds in 2026
• DOMT | Spin-off sets stage for Arla to acquire DOMT; sector rerating to follow
• Market Intelligence | Alameda deal affirms CLHO undervaluation